Europe
-
-
-
-
Primary Health Properties, the UK real estate investment trust that lets property to doctors’ surgeries and health centres, completed on Wednesday (April 13) its £120m capital increase, which grew to £150m.
-
Allianz gave investors a rare chance to add insurance senior bonds to their portfolios on Wednesday, using healthy demand to bring spreads close to fair value on each of its two tranches.
-
Credit Suisse launched a three-tranche holdco senior deal worth $4.5bn on Wednesday, taking advantage of the US market’s slimmer premiums and deeper liquidity. -
Arrow Global, the UK consumer debt manager, printed a €225m floating rate note on Thursday to fund its buyout of consumer debt purchaser InVesting and repay its revolving credit facility.
-
-
The African Development Bank and L-Bank on Thursday added to a surge of deals at the short end of the dollar curve, as issuance rode on a wave of dovish central bank outlooks.
-
When it comes to Italian banks, pessimists are not in short supply. Indeed, to be bullish on this sector could be considered contrarian, or even foolhardy, given its parlous state. Asset quality is the overriding problem — Italy’s banks have €360bn of non-performing loans on their balance sheets, about a third of the eurozone’s total.
-
Yorkshire Building Society pulled in £1bn of orders in no time on Thursday morning, as sterling investors fought over the first long end senior bond in the currency since January.
-
Leeds Building Society quickly built a well oversubscribed and broadly distributed transaction for its first euro benchmark covered bond, launched on Thursday. The short tenor, which has largely been displaced by TLTRO funding, provided a strong catalyst for its success.
